Elon Musk's Twitter Bird Gets Canine Makeover, Dogecoin Soars
In a shocking move, Elon Musk has replaced Twitter's iconic bird logo with an image of a Shiba Inu - the same breed often associated with dogecoin, a joke cryptocurrency that has been embroiled in a high-profile lawsuit.
The decision was made just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit alleging he ran a pyramid scheme to support dogecoin. The suit claims Musk's tweets about the currency were designed to artificially inflate its value.
Musk took to Twitter to address the change, tweeting "as promised" alongside an old conversation thread in which another user suggested he should replace the bird logo with a Shiba Inu - a reference to the meme that dogecoin was named after. The image has been appearing on the site since Tuesday, just two days after Musk's request.
While it is unclear whether the logo change is permanent, one thing is certain: dogecoin prices have skyrocketed in response. Over the past 24 hours, the cryptocurrency has seen a staggering 20% price increase, reaching around 9 cents per coin.
Dogecoin was created back in December 2013 as a joke by two software engineers - with its name and mascot inspired by the popular "doge" meme of the time. Musk's tweets about dogecoin have made headlines before, but this latest move has sent shockwaves through the cryptocurrency market.
Musk's team has described the lawsuit as "fanciful work of fiction," claiming his tweets were simply innocuous and often humorous. However, investors are not laughing - at least, not yet.
In a shocking move, Elon Musk has replaced Twitter's iconic bird logo with an image of a Shiba Inu - the same breed often associated with dogecoin, a joke cryptocurrency that has been embroiled in a high-profile lawsuit.
The decision was made just days after Musk asked a judge to dismiss a $258 billion racketeering lawsuit alleging he ran a pyramid scheme to support dogecoin. The suit claims Musk's tweets about the currency were designed to artificially inflate its value.
Musk took to Twitter to address the change, tweeting "as promised" alongside an old conversation thread in which another user suggested he should replace the bird logo with a Shiba Inu - a reference to the meme that dogecoin was named after. The image has been appearing on the site since Tuesday, just two days after Musk's request.
While it is unclear whether the logo change is permanent, one thing is certain: dogecoin prices have skyrocketed in response. Over the past 24 hours, the cryptocurrency has seen a staggering 20% price increase, reaching around 9 cents per coin.
Dogecoin was created back in December 2013 as a joke by two software engineers - with its name and mascot inspired by the popular "doge" meme of the time. Musk's tweets about dogecoin have made headlines before, but this latest move has sent shockwaves through the cryptocurrency market.
Musk's team has described the lawsuit as "fanciful work of fiction," claiming his tweets were simply innocuous and often humorous. However, investors are not laughing - at least, not yet.
so like elon musk changes twitter's logo to a shiba inu lol i was thinking this is gonna be a joke but nope its real!! 
dogecoin is literally SOARING right now 
20% price increase in one day?? that's wild!! 
i gotta ask though why do u think musk did this tho? is it just a prank or does he have some hidden plan 
idk but either way its been lit 
. I guess what really gets me is that the Shiba Inu logo is kinda adorable 
, but let's focus on the bigger picture here. Is this just a PR stunt or are we seeing some real business magic? 
i think the dogecoin prices going up is pretty much the most obvious thing that's gonna happen when ur trying to hype up a joke currency anyway 
i mean, it's been around since 2013 and no one's taken it seriously till now 
so who knows maybe this is just the start of dogecoin's rise to fame 
And 20% price increase in just 2 days? That's crazy! 